Expansion of Brazilian assets

Oar Resources Limited (ASX: $OAR) has announced the expansion of its Brazilian assets by acquiring an additional 650km2 of prospective ground in the states of Rio Grande Do Sul and Goiás. This significant increase of 283% brings the total Brazilian landholding to 880km². The acquired tenements are considered prospective for sandstone and sedimentary hosted uranium mineralisation and are located within 10km of historic uranium occurrences identified by the Industrias Nucleares do Brasil (INB). OAR is working closely with the INB to ensure compliance with all regulations pertaining to the exploration of uranium.

CEO's Strategic Vision

OAR Resources CEO, Paul Stephen, emphasized, 'The acquisition of these two highly prospective tenements in the Rio Grande Do Sul and Goiás states of Brazil supports our strategic objective of developing a diversified project portfolio for a decarbonised future. The additional Amorinopolis and Grande Project tenements are well located within 10 kilometres of historic uranium occurrences identified by INB, and we are working closely with INB to ensure we can rapidly develop these projects over time. Field work with OAR's in-country team is starting in June to identify prospective drill targets. We look forward to providing further updates on these two projects as we continue to grow and develop into a diversified global resources company.'

Strategic Expansion and Future Outlook

Oar Resources Limited has significantly expanded its Brazilian assets by acquiring 650km2 of prospective ground in the states of Rio Grande Do Sul and Goiás, bringing the total landholding to 880km². The Amorinopolis and Grande Projects are both prospective for sandstone and sedimentary hosted uranium mineralisation and are strategically located within 10km of historic uranium occurrences identified by the INB. OAR's CEO, Paul Stephen, highlighted the company's strategic objective of developing a diversified project portfolio for a decarbonised future. The company is committed to working closely with the INB to ensure the rapid development of these projects over time. OAR's in-country team is set to commence field work in June to identify prospective drill targets. The addition of these projects is a significant step in supporting OAR's continued growth and development as a diversified global resources company.